Rising prices tempt Frontline into first tanker sales in seven years
Disposals of VLCC and suezmax reported by John Fredriksen company
Tankers
Kyklades Maritime turns to China as it eyes product tanker newbuildings
Chinese yards have been successfully attracting Greek tanker owners for big product tanker newbuildings
US officials say measures against Russia working as oil exports hit highs
Russia exported 161m barrels of oil in January, Kpler data shows, most of it going to India and China
Ridgebury and Peter Georgiopoulos outfit sell tankers amid rising valuations
Both vessels were at their highest estimated valuations in seven years amid surge in clean product trade
‘Rationalising the fleet’: Navios shuffles assets in flurry of deals
US-listed Navios Maritime Partners owns up to a string of ship sales and unveils some fresh newbuilding projects
Buyers run out of road to talk down secondhand tanker prices, broker warns
Seaborne’s Eva Tzima says the scene is set for asset values to climb even further
Cut-price Russian crude set to muscle in on US exports to China
VLCCs unlikely to benefit from US-China trade in 2023 despite world’s largest importer emerging from Covid-19 pandemic
EU sanctions on Russia being evaded on ‘massive’ scale
Dutch foreign minister calls for new Brussels HQ to enforce the sprawling EU sanctions regime
VLCC ‘cannibals’ muscle in on transatlantic suezmax and aframax trade
Flat long-haul volumes from the US to Asia mean big tankers will be competing with smaller vessels in the Atlantic basin
Scrubber gains shrink as fuel spread crunched in major bunker hubs
BRS says price differential is deflating as high-sulphur bunkers become more expensive in Asia